CHANGE Holdings,Inc. Balance Sheet

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Sep '21 Sep 30, 2021
Cash & Equivalents	25,524	30,185	38,403	22,968	30,407	27,690
Cash & Short-Term Investments	25,524	30,185	38,403	22,968	30,407	27,690
Cash Growth	-17.22%	-21.40%	67.20%	-24.46%	9.81%	264.39%
Accounts Receivable	40,852	17,760	13,699	12,020	4,786	4,797
Other Receivables	-	44	-	-	-	-
Receivables	40,852	17,804	13,699	12,020	4,786	4,797
Inventory	592	437	402	480	95	46
Prepaid Expenses	-	754	580	358	113	87
Other Current Assets	1,541	643	3,007	873	260	336
Total Current Assets	68,509	49,823	56,091	36,699	35,661	32,956
Property, Plant & Equipment	2,517	2,799	2,150	2,548	669	403
Long-Term Investments	4,991	12,470	5,995	1,676	210	160
Goodwill	29,293	28,881	20,711	9,042	4,409	4,409
Other Intangible Assets	8,818	8,711	2,293	2,219	1,432	1,288
Long-Term Deferred Tax Assets	2,067	2,102	2,081	757	344	167
Other Long-Term Assets	10,155	4	4	2	3	3
Total Assets	126,350	104,790	89,325	52,943	42,728	39,386
Accounts Payable	30,920	12,140	7,929	5,511	2,976	2,942
Accrued Expenses	-	1,023	922	379	262	263
Short-Term Debt	5,943	-	-	50	-	-
Current Portion of Long-Term Debt	-	5,838	3,652	1,211	277	277
Current Portion of Leases	785	882	633	242	126	128
Current Income Taxes Payable	2,261	2,655	5,873	925	2,060	1,760
Other Current Liabilities	3,782	873	1,845	1,333	172	175
Total Current Liabilities	43,691	23,411	20,854	9,651	5,873	5,545
Long-Term Debt	23,021	26,883	19,286	1,786	1,162	1,290
Long-Term Leases	646	865	447	124	115	82
Long-Term Deferred Tax Liabilities	3,356	2,967	159	65	16	17
Other Long-Term Liabilities	474	991	918	1,986	56	58
Total Liabilities	71,188	55,117	41,664	13,612	7,222	6,992
Common Stock	1,042	1,042	1,006	1,004	1,002	1,000
Additional Paid-In Capital	21,922	22,081	22,051	22,480	23,016	23,086
Retained Earnings	29,483	24,117	18,000	14,398	10,867	7,774
Treasury Stock	-5,882	-5,882	-1,405	-1,405	-1,405	-1,405
Comprehensive Income & Other	687	-104	-103	-	-	-
Total Common Equity	47,252	41,254	39,549	36,477	33,480	30,455
Minority Interest	7,910	8,419	8,112	2,854	2,026	1,939
Shareholders' Equity	55,162	49,673	47,661	39,331	35,506	32,394
Total Liabilities & Equity	126,350	104,790	89,325	52,943	42,728	39,386
Total Debt	30,395	34,468	24,018	3,413	1,680	1,777
Net Cash (Debt)	-4,871	-4,283	14,385	19,555	28,727	25,913
Net Cash Growth	-	-	-26.44%	-31.93%	10.86%	430.03%
Net Cash Per Share	-70.00	-61.00	195.53	265.73	388.98	362.48
Filing Date Shares Outstanding	69.58	69.58	70.68	72.36	72.34	72.29
Total Common Shares Outstanding	69.58	69.58	72.36	72.34	72.34	72.29
Working Capital	24,818	26,412	35,237	27,048	29,788	27,411
Book Value Per Share	679.11	592.91	546.59	504.21	462.84	421.26
Tangible Book Value	9,141	3,662	16,545	25,216	27,639	24,758
Tangible Book Value Per Share	131.38	52.63	228.66	348.56	382.09	342.46
Order Backlog	-	-	-	2,732	-	346

Source: S&P Global Market Intelligence. Standard template. Financial Sources.